- March 27, 2023
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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MicroStrategy said it spent roughly $150 million to acquire 6,455 Bitcoin (BTC) between February 16 and March 23, according to a March 27 SEC filing.
The pro-Bitcoin firm added that it prepaid the principal of $161 million on its loan from failed crypto-friendly bank Silvergate Bank.
According to the filing, the 34,619 BTC held as collateral for the loan has been released.
MicroStrategy had taken a $205 million loan from Silvergate in March 2022. The loan was collateralized with the firm’s BTC holdings and $5.0 million cash reserve held at the failed bank.
More details to follow…
The post MicroStrategy acquires Bitcoin worth $150M, makes repayment on Silvergate loan appeared first on CryptoSlate.
